shady M... had a look at Jako chart, he is VSA which works soly on using the price and the volume. Can be very effective for short term trading of high volume stocks, but alot of what he says there is woffle...ie
On bar 5 which is the ultra high vol day he says it could be absorbing the supply to the left OR it could be being sold off to bring it down..???? see now this is a classic VSA 'bet each way' statement saying there not realy sure whats going on. The fact is if bar 5 is absorbing the vol to the left then itd be absorbing the last 2 months or more of bars because it is so huge in comparisson.
The bar 5 vol is bad data created by some shifty share trading behind the scenes (like moving holdings from one broker account to another) and this throws the VSA analysis straight out the window.. IMO
VSA also uses the trend chanels as a guide which he has not draw in on his chart, we are in the middle of the current UP channel which has a top of @.90 and a bottom @.55.
KZL Price at posting:
69.5¢ Sentiment: Hold Disclosure: Held
